DNeX partners with Korea’s KTNET to offer services aimed to transform trade facilitation
CYBERJAYA: Dagang NeXchange Bhd (DNeX), through whollyowned subsidiary Dagang Net Technologies Sdn Bhd (Dagang Net), has signed a Memorandum of Understanding (MoU) with Korea Trade Network (KTNET) to develop services aimed to transform the trade facilitation industry for the local and regional markets.
In a press statement, it explained that under the agreement, both parties will deploy home-grown technologies from Dagang Net and global capabilities from KTNET in such key areas as Port Community System, Electronic Customs and IT Consultancy services.
The partnership will involve the integration of technologies and capabilities of both parties in the areas of Integrated Risk Management System, Customs Cargo Management and Clearance System, Port Community System, Customs Processing and Analytics/Big Data, Artificial Intelligence and Machine Learning, Robotic Process Automation, Blockchain and Consultancy services.
Moreover, the partnership can bring together expertise of both parties to benefit their customers specifically in digital and technology transformation of trade facilitation.
The MoU was formalised in Cyberjaya earlier today where Dagang Net’s chief executive officer Wan Ahmad Syatibi Wan Abd Manan signed on behalf of the company and KTNET was represented by its chief executive officer YoungHwan Cha.
Also present at the event were DNeX executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, DNeX group chief operating officer Azhar Othman, Dagang Net chief technology officer Jasbendarjit Kaur, and KTNET director SungHeun Ha.
Syed Zainal commented that the partnership aims to jointly develop trade facilitation services with enhanced features, leveraging on both parties’ technologies and capabilities to improve the overall efficiency and productivity of the trade ecosystem.
“This partnership allows us to work with KTNET to expedite transformation of the trade ecosystem, capitalising on our capabilities, breadth and depth of offerings and technologies, and backed by our proven track records,” he said.
“We need to continue embedding innovation in our services and products offerings, and our partnership KTNET is one such way towards this end,” he added.